RE:RE:RE:Argue all you want...WELL DONE SirSquibbels! Finally, SOMEONE is doing the math that matters. Glad to see all the posts outside of the pumpers are starting to talk about the topics that matter. Call Scott up and ask him about Aberdeen, the levels of dilution and compensation, ask him why Desert Lion booted F&M, same for Aguia Resources, heck, even Belo Sun today announced the appointment of 3 Sun Valley appointments to the board in an effort to appease them. Good luck getting him to talk about those things that really matter.
This is one of very few F&M stocks left that has any retail. If investors voted with their feet and left this stock, it'd provide them even less of an opportunity to raise funds. The less funds they raise, the better. Virtually every penny gets squandered on management fees, consulting, bonuses, etc.
SirSquibbels wrote: I think what he is getting at is the high manegment fees that ESM and other FM compaines pay which goes to the manegment team in the form of compensation. If you arnt doing offerings like this you cant pay the fees so yes this does directly compensate manegment in the form of an ongoing pay check.
However this crooked little deal we have here. You forgot to mention the Agents compensation package.
7% cash compensation paid to the angent at $217,000 or the
7% options on shares issued at .36 cents per shares so 602,700 shares
Which if they could buy and sell today (which they cant) would give them an extra $84,378
Bringing total compensation up to around 9.7% .......... I wonder who PI Financial knows over at ESM because that is a great deal for doing a lil work.
mooseslayer wrote: Please explain how they make money? This is not a bought deal for friends and family. Anyone can go ask to be part of the deakl. the money goes into ESM. Do you think Stan Bharti and Scott Moore divy it up and put it in their pockets. If you think it is a sweeet deal (I thin it is and don't like it) then call PI and tell them you want a piece of it. But there is a 4 month hold on those shares and if they call the warrants you must come up with the money to pay for them. I don't like the deal but unless insiders are taking all of it. the deal can be for anyone.